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Property profile & analytics
OFF-MARKET
Investment properties

517 6th St Racine, WI 53403-1155

6,300 SF 0.05 ac lot Built 1900
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US92-0390889
Property summary
AI-generated overview

This exceptional 2,000 square foot commercial space, located at 517 6th Street in Racine, Wisconsin, presents a unique opportunity for businesses seeking a vibrant downtown location. Currently configured as retail space, this property is adaptable to a variety of uses, including creative office, professional office, or a combination thereof. Situated directly across from the Indian Motorcycle dealership and just blocks from Lake Michigan, this property benefits from high visibility and foot traffic in the heart of Racine's bustling downtown area. The space features two bathrooms and offers a tenant improvement allowance, making it ideal for businesses needing customization. The building boasts a masonry facade, eligible for a facade grant, further enhancing its appeal. Traffic counts average 8,000 vehicles per day, ensuring significant exposure. Lease terms are flexible, ranging from 2 to 5 years, and the property is professionally managed. The space can be divided to accommodate different tenant needs. The asking rent is $8-$10 per square foot annually, on a triple net lease basis. A basement is also included with the property. The property is zoned B4 - Central Business District, reflecting its prime location within the city's commercial core. This is a rare opportunity to secure a highly visible and versatile space in a thriving downtown area.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 6,300 SF
Lot 0.05 ac (2,309 SF)
Zoning code B4
APN 276 000000364000
UPID US92-0390889
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
R & K Kong LLC · 11 yrs held
R & K Kong LLC
since 2015
1 recorded transaction
2015
$60,000
Zoning & alternative use
B4 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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